Whetstone Capital Advisors LLC Acquires Shares of 76,200 Cars.com Inc (CARS)
Whetstone Capital Advisors LLC acquired a new stake in Cars.com Inc (NASDAQ:CARS) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 76,200 shares of the company’s stock, valued at approximately $1,852,000. Cars.com makes up 1.0% of Whetstone Capital Advisors LLC’s portfolio, making the stock its 18th largest position. Whetstone Capital Advisors LLC owned about 0.11% of Cars.com as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also made changes to their positions in CARS. BlackRock Inc. purchased a new position in shares of Cars.com in the second quarter valued at about $213,818,000. Vanguard Group Inc. purchased a new position in shares of Cars.com in the second quarter valued at about $167,497,000. Artisan Partners Limited Partnership purchased a new position in shares of Cars.com in the second quarter valued at about $120,572,000. New South Capital Management Inc. purchased a new position in shares of Cars.com in the second quarter valued at about $77,402,000. Finally, LSV Asset Management purchased a new position in shares of Cars.com in the second quarter valued at about $41,943,000.
CARS has been the topic of several research analyst reports. B. Riley initiated coverage on Cars.com in a research report on Friday. They issued a “buy” rating and a $36.00 price objective on the stock. Craig Hallum initiated coverage on Cars.com in a research report on Thursday, July 20th. They issued a “hold” rating and a $25.00 price objective on the stock. Finally, Barrington Research initiated coverage on Cars.com in a research report on Tuesday, June 6th. They issued an “outperform” rating on the stock.
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Cars.com Inc (CARS) traded up 3.48% during midday trading on Friday, hitting $26.44. The company had a trading volume of 2,532,342 shares. Cars.com Inc has a 1-year low of $19.90 and a 1-year high of $29.47. The company has a 50 day moving average price of $25.48 and a 200 day moving average price of $25.70. The firm has a market capitalization of $1.89 billion and a P/E ratio of 12.44.
Cars.com (NASDAQ:CARS) last posted its quarterly earnings data on Wednesday, August 9th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.40. Cars.com had a return on equity of 5.13% and a net margin of 15.84%. The company had revenue of $156.62 million for the quarter, compared to analysts’ expectations of $157.00 million. During the same period in the previous year, the firm posted $0.59 EPS. Cars.com’s revenue was up .0% compared to the same quarter last year. Equities research analysts forecast that Cars.com Inc will post $1.35 earnings per share for the current fiscal year.
Cars.com Company Profile
Cars.com Inc owns a digital automotive marketplace business (Cars.com). Cars.com is an online research destination for car shoppers. The Company is engaged in the sale of online subscription advertising products targeting car dealerships. It offers a suite of products and services targeting the automotive needs of its buyer and seller customers.
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